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Question: What do you think a 'fair' premine would be for distributing coins to a country?
1% premine - 2 (10.5%)
5% premine - 1 (5.3%)
10% premine - 0 (0%)
20% premine - 0 (0%)
30% premine - 0 (0%)
40% premine - 0 (0%)
50% premine - 3 (15.8%)
0% premine - 13 (68.4%)
Total Voters: 19

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Author Topic: What do you think is a fair country distribution premine?  (Read 479 times)
Mike Scofield (OP)
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April 06, 2014, 08:21:54 AM
 #1

I don't understand how people put trust in their investments for a 50% premine coins,
even though it will be distributed (30-60 days) later to the country. That is just me...

What do you think would be a fair premine alternatively moving away from 50%?

or is 50% premine good if the distribution and transparency makes sense?

How much of a premine should it be, if it was a choice of yours?

PHCoin is the coin with a mission... https://bitcointalk.org/index.php?topic=58999 <=
raskul
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April 06, 2014, 08:26:37 AM
 #2

the option I would vote for is NIL.
letting miners create the coin, solving blocks and distributing it,  is the only way to keep a coin decentralised.
pre-mines fly in the face of the entire point of cryptocurrencies.
add the option for 0%.

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Mike Scofield (OP)
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April 06, 2014, 09:38:17 AM
 #3

added option 0% premine

PHCoin is the coin with a mission... https://bitcointalk.org/index.php?topic=58999 <=
raskul
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April 06, 2014, 09:40:45 AM
 #4

voted.  Wink

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Relnarien
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April 06, 2014, 01:10:46 PM
 #5

A coin cannot be a national cryptocurrency if the dev has to distribute a premined amount of it at a much later date. If a cryptocurrency is to be adopted by a nation, then the people of that nation would have to be able to secure the blockchain on their own and protect it against external attacks (including pump and dumps). As such, a true national cryptocurrency would not be premined and simply be promoted to and mined primarily by the people of that country. Its equivalence rate with Bitcoin and fiat must be irrelevant until the coin is firmly established as a currency, since the people of that country should be trading it amongst themselves first before any external entity considers it a real currency.
Mike Scofield (OP)
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April 26, 2014, 09:54:30 AM
 #6

I may have presented a solution to the community about premine and IPO distribution models
https://bitcointalk.org/index.php?topic=584591


PHCoin is the coin with a mission... https://bitcointalk.org/index.php?topic=58999 <=
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